Press and Media

May 14, 2019

Allianz reports operating profit of 3.0 billion euros in 1Q 2019

Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.

Allianz subsidiaries in Benin, Burkina Faso, Mali and Togo are now part of SUNU Group

Allianz Africa sold its shares in five subsidiaries in Benin, Burkina Faso (Life/P&C), Mali and Togo to Sunu Group, effective April 29, 2019. These entities are now part of the SUNU Group and will change their name to become SUNU Assurance upon receipt of regulatory approvals for the name change.

Allianz appoints new CEO to drive life operations in Ghana

Allianz has appointed Gideon Ataraire as Chief Executive Officer of Allianz Life Ghana. Gideon brings years of experience to the company and has a proven record of taking customer-centric companies like Allianz Life Ghana to the next level. Until this move, he was the Head of Human Resources and General Services at Allianz Nigeria.

Allianz Africa launches its core IT system transformation in Ghana

As part of its strategy, Allianz Africa is undergoing a deep operational transformation. First milestone is the set-up and rollout of a harmonized IT system across Africa. Allianz Ghana was selected and is in the process of the implementing the new system called Allianz Business System (ABS).

Allianz selects Abidjan as new strategic hub for its African operations

Allianz is to base its operational and underwriting activities in the economic capital of Ivory Coast. This is a key milestone in the major operational transformation launched in Africa by Allianz. The new hub will be headed by Delphine Traoré Maïdou, Regional Chief Operating Officer and Regional Executive Board member of Allianz Africa.

Full Year and Quarterly Earnings Release 2018 : Allianz delivers as promised

Allianz launches Emob, a new firm specializing in a business in sustainable mobility in Morocco

Emob, a joint-venture between Allianz SE and Moroccan industrial operator Imperium holding, has the ambition to turn Marrakesh into the main African platform for the sustainable mobility industry. As a first step toward this goal, Emob aims to put 20,000 electric motorbikes in circulation by 2021. To insure these vehicles, Allianz SE developed an exclusive and complete insurance solution through its subsidiary Allianz Maroc.

Appointment of new regional Head of Market Management reinforces Allianz business development strategy in Africa

Xavier Laurent will lead the newly created Market Management team of Allianz Africa as of January 1st, 2019. This strategic move is aligned with Allianz strong business ambitions in Africa. The new team will drive regional business growth and strengthen relationship with multinational clients and brokers.

Allianz Africa announced the appointment of Adja Samb as CEO of Allianz Senegal, effective January 1st, 2019. Till her appointment, Adja served as Head of Operations and Chief Marketing Officer at Allianz Morocco, a position she held from March 2015. Based in Dakar, she replaces Xavier Laurent who is taking on new responsibilities as Regional Head of Market Management. Adja will manage both life and non-life entities in Senegal and report to Coenraad Vrolijk, Regional Chief Executive Officer of Allianz Africa.

Allianz achieves operating profit of 3 bln euros in 3Q 2018

Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 billion euros.

After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.

Allianz Group completes acquisition of Ensure Insurance in Nigeria

Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.

Allianz Group acquires 8 percent stake in African Reinsurance Cor…

Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).

Allianz 1Q results signal good start into 2018, on track to meet targets

Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.

Casablanca, Abidjan, Paris, April 18, 2018 – Allianz Africa Financial Services, Allianz Group’s Regional Company on the continent, has entirely moved its underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan with the appointment of Chaka Sougue and Arthur Yao.

Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.

Allianz X invests $96.6 million in leading digital microinsurer B…

Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America.

Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.